Hedge Fund Raises $122 Million In LSE Listing

Jun 27 2008 | 11:20am ET

Multi-strategy fund of hedge funds FRM Diversified Alpha has raised £61.8 million (US$122 million) by listing on the London Stock Exchange.

The FRM Diversified Alpha fund, managed by Guernsey-based FRM Investment Management, invests in a diversified portfolio of hedge funds including equity long/short, specialist credit, relative value and directional trading.

FRM began managing diversified funds of hedge funds in January 1998 and currently manages more than US$10 billion in this strategy for institutional investors, including around 300 pension funds.

Paul Dunning, chief executive of Financial Risk Management, the group's U.K.-based investment adviser, said the fund appeals to investors looking for an equity or fixed-income substitute because of its ability to produce consistent absolute returns in various market environments.

Founded in 1991 by Blaine Tomlinson, the FRM group has more than US$15 billion in fund of hedge funds assets.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.